Musicians have come a long way from their simple beginnings. Their lives used to revolve around touring, writing, and recording music, but now musicians are getting involved in business ventures for financial gain.
Although the music industry has been going through some tough times, the four musicians of all time on this list have managed to create much of a celebrity net worth that is more than enough to keep them living in luxury for the rest of their lives. Who are these people? How much money do they make? And what’s their secret?
The first musician: Paul McCartney
Legendary singer-songwriter Paul McCartney is the wealthiest musician in the world. The 76-year-old has a net worth of approximately $1 billion, making him one of the richest musicians of all time. He’s been performing professionally since 1957, and he continues to tour worldwide—playing as many as 100 concerts per year.
The second musician: Michael Jackson
In the history of music, there are many legendary musicians who have reached the top for their musical abilities. But what about musicians who made it big because of their wealth? Michael Jackson is one of them. His estimated net worth was $500 million at the time of his death.
He was the highest paid musician at that time. He earned $160 million in 2009 alone. His album sales far exceeded any other artist in history with sales of well over 350 million albums.
The third musician: Sir Elton John
Sir Elton John is a British singer-songwriter and composer. Regarded as one of the most successful entertainers in the world, he has sold more than 250 million records, making him one of the most successful artists of all time. In 2004, he was knighted by Queen Elizabeth II for services to music. Elton John is considered to be the richest musician in the world, with an estimated net worth of $300 million.
The ‘Your Song’ hitmaker has accumulated his fortune through a successful career spanning more than four decades. John has sold over 300 million records worldwide and more than 50 million albums in the US alone, making him one of the best-selling music artists in history.
He has achieved seven UK number one singles, including two double-A-sided singles in the 1970s, as well as having 14 top-ten hits in the United States from 1969 to 1973.
The fourth musician: U2
According to the Forbes, U2 is considered as the biggest band in the world. The Irish rock band is estimated to have a net worth of $735 million, which is even bigger than fellow Irishman, Bono’s net worth.
The band was formed in 1976 when Larry Mullen Jr., Adam Clayton and Paul Hewson came together to form a band. The three members were inspired by the punk music at that time and the singer, Bono, was so passionate about music that he used to sing in pubs and clubs while still in secondary school.
Conclusion:
These musicians have been able to accumulate such a large fortune because they have been so successful and talented. Many of them have also been in the industry for a very long time, which is why it’s important to build up your brand when you are just starting out as well.
